The heads are off now and I was finally able to get a good look at the insides of the engine. The cam and lifters appear to be in good shape with no unreasonable wear. The pistons are all marked .030, so some PO has been in there for sure. The cylinders aren't scored in any way, they just don't have a cross hatch visible anymore. All the cylinders have built up carbon crud from the deck down into the bore about 3/8". Piston #8 appears to be in upside down in it's cylinder. The .030 stamping on it is upside down and at the bottom of that piston, while all the rest of the pistons have the .030 marking stamped right side up and near the top edges. The skies are getting dark again, so I put the tarp back onto the short block for now.
Right now the heads, pushrods, rockers and shafts are all on the bench in the barn for general cleanup. One extra step I've already done is to knock of some casting flash from the insides of the heads. that's so there aren't any big restrictions for the oil heading back to the pan.
I forgot to do a compression test first before I took the engine apart, so I'll proceed as if the valves need attention. I'm going to check the valve seat contact patch, and if needed lap the valves in so they all seal tight. I'll also check the stem to guide fit to make sure the guides aren't worn out.
When I pull the oil pan I'll also pull the pistons and rods out. Then I'll be able to run a hone through the cylinders and give them a decent cross hatch. I'll need to pick up some rings before it goes back together. When I put it all back together I'll be able to put the #8 piston (and all the other pistons) in correctly.